gym profitability

Can a gym business be lucrative: how to maximize your gym’s profitability?

According to the IHRSA, around 81% of gym owners shut their businesses within their first year, which causes a lot of confusion, including the idea that owning a gym is not a profitable business endeavor. However, upon closer inspection, the fitness industry is only growing. So, the question arises, why do first-year owners quit? And what makes …

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